What is meant by ‘non-financial incentives’? List any tow non-fina

1.	What is meant by ‘non-financial incentives’? List any tow non-financial incentives.
Answer» Non-Financial Incentives: Refer to incentives or rewards which cannot be measured in terms of money. 1. Status: Status refers to ranking of positions, authority, responsibility, recognition and prestige associated with a job in the organization. Higher status helps to satisfy social and esteem needs of the employees. 2. Organisational Climate: It refers to the characteristics which describe an organization and distinguish one organization from the other. These characteristics include individual autonomy, reward orientation, open communication, risk-tasking etc.

What is meant by ‘non-financial incentives’? List any tow non-financial incentives.

Answer»

Non-Financial Incentives:

Refer to incentives or rewards which cannot be measured in terms of money.

1. Status: Status refers to ranking of positions, authority, responsibility, recognition and prestige associated with a job in the organization. Higher status helps to satisfy social and esteem needs of the employees.

2. Organisational Climate: It refers to the characteristics which describe an organization and distinguish one organization from the other. These characteristics include individual autonomy, reward orientation, open communication, risk-tasking etc.

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